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TORONTO, Jan. 21, 2013 /CNW/ - Marret Asset Management Inc. is pleased
to announce a proposed private placement of units of the Marret High
Yield Strategies Fund (the "Fund") (TSX: MHY.UN) (the "Offering"). Scotia Capital Inc. (the "Agent") is acting as the Fund's agent in connection with the Offering. The
offering price of the Units will be established through negotiation
between the Agent and the Fund and will not be dilutive to existing
unitholders of the Fund.

The Units sold pursuant to the Offering will be subject to resale
restrictions under applicable securities laws. The Offering is subject
to the completion of a definitive agency agreement and the approval of
the Toronto Stock Exchange.

About Marret Asset Management Inc.

Marret Asset Management Inc. is an employee owned credit fixed income
manager based in Toronto. Marret's experienced team of investment
professionals led by Barry Allan specialize exclusively in fixed income
and, particularly, in high yield debt strategies.

Certain statements included in this news release constitute
forward-looking statements. The forward-looking statements are not
historical facts but reflect current expectations regarding future
results or events. These forward-looking statements are subject to a
number of risks and uncertainties that could cause actual results or
events to differ materially from current expectations and, accordingly,
readers are cautioned not to place undue reliance on such statements
due to the inherent uncertainty therein. Marret Asset Management Inc.
undertakes no obligation to update publicly or otherwise revise any
forward-looking statement whether as a result of new information,
future events or other such factors which affect this information,
except as required by law. Investment funds are not covered by the
Canada Deposit Insurance Corporation or by any other government deposit
insurer. There is no assurance that the Fund will be able to achieve
its distribution and capital preservation objectives or that the full
amount of a unitholders investment in the Fund will be returned.